1097 E Richland St - Apartments FOR SALE


Upland, CA 91786
$1,620,000 USD
626-233-3678
1097 E Richland St, Upland, CA for Sale
$1,620,000 USD
Apartments - FOR SALE
1/3
null | 5.65% Cap Rate

1097 E Richland St
Upland, CA 91786


HIGHLIGHTS

  • $123,414 annual income with 5.65 CAP Rate. All 2 bedrooms
  • Built in 1979, no local rent control
  • Huge Lots 12,802 SF. Possibility to build additional ADU or units. Check with City.
  • Rent is below market
  • Great Location
  • Parking space with car garage for each unit, total 11 parking

OVERVIEW

Excellent income with big potential! Actual income is $123,414/yr. Great location with huge lot. Rent is below market. All 2 bedrooms and 1 bathroom. Big lot may build additional ADU or units. The buyer must verify with City. Convenient location closed shopping center, school, freeway and supermarket. Built in 1979. Each unit has 1 car garage with 1 parking space plus additional one guess parking(11 parking total). No local rent control.

FOR SALE DETAILS

PRICE

$1,620,000 USD

PRICE/SF

$368 USD /SF

# OF UNITS

5

PRICE/UNIT

$324,000

CAP RATE

5.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Large Units with Huge Lot Built in 1979

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,602 SF

ZONING

RS7.5, Upland

APN/PARCEL ID

1047-192-33

ASK ABOUT THIS PROPERTY

Benjamin Lin1000 Realty CorpMore Info
626-233-3678

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Benjamin Lin1000 Realty CorpMore Info
626-233-3678

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.